Question of the Month: What are the zoning issues when converting an office building to residential use? by Christopher Wright

The latest zoning dilemma in New York City is the conversion of large commercial office buildings to residential use. This issue has been driven by the pandemic and the work from home trend, which has generated vacancies in office buildings. The good news is that the use regulations of the NYC Zoning

Ghazi joins Seyfarth Shaw’s real estate department

Manhattan, NY According to Seyfarth Shaw LLP, Saadia Ghazi has joined the law firm as a partner in its servicing & special servicing practice in the firm’s real estate department.

CBRE arranges 74,679 s/f long-term lease for FAA at 1 Old Country Road

Carle Place, NY CBRE completed a 74,679 s/f office lease for the Federal Aviation Administration (FAA) at 1 Old Country Rd. The 309,000 s/f property owned by DBD Realty Group was redesigned to offer a modern

Carrion of NYC Department of Housing Preservation and Development speaks at Housing Partnership event

Manhattan, NY NYC Housing Partnership president and CEO Jamie Smarr greeted NYC Department of Housing Preservation and Development (HPD) commissioner Adolfo Carrion at the non-profit’s 40^th anniversary fundraising event.

Hempstead Industrial Development Agency grants preliminary approval for 63-units at 54 and 58 W. Jamaica Ave.

Valley Stream, NY Frederick Parola, chief executive of the town of Hempstead Industrial Development Agency (IDA) said the agency granted preliminary approval to economic development benefits for a proposed transit-oriented rental housing project at 54 and 58 W. Jamaica Ave.

Rosewood Realty Group sells three multifamily buildings for $8.95 million

Brooklyn, NY Rosewood Realty Group brokered the sale of a Williamsburg Brooklyn portfolio consisting of three multifamily buildings for $8.95 million.

Cushman & Wakefield leases 10,570 s/f at 55 Broadway

Manhattan, NY Cushman & Wakefield has arranged a 10,570 s/f, 11-year lease for Corporation for Supportive Housing at 55 Bdwy. The organization will occupy the entire 10^th floor.

CBRE sells 229-unit Avalon Mamaroneck

Mamaroneck, NY CBRE’s New York Metro Institutional Sales team, led by Jeff Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer, negotiated the sale of Avalon Mamaroneck, a 229-unit class A multifamily community. CBRE represented the seller, AvalonBay Communities,

Lebenstein and Kamara of Cushman & Wakefield lease 7,150 s/f

Manhattan, NY Cushman & Wakefield has arranged a 7,150 s/f lease for Anat Gerstein, Inc. at 29 West 38^th St. The full-service communications firm will occupy the entire 14^th floor.

JLL respresents EliseAI in 26,582 s/f lease at Kalimian’s 33 East 33rd St.

Manhattan, NY According to JLL, AI platform EliseAI has expanded its presence at 33 East 33^rd St., the 12-story, LEED-certified Midtown South office building owned by Kalimian Equities.